EURUSD is facing strong resistance around 1.15600(800-4H EMA). The pair hit a high of 1.15597 yesterday and showed a minor sell-off. It is currently trading around 1.15392.
|
Technicals |
CMP -1.15392 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.14879 |
CMP>value |
Bullish |
|
200- EMA |
1.14669 |
CMP>value |
Bullish |
|
365- EMA |
1.15021 |
CMP>value |
Bullish |
Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
77.72 |
|
ADX |
Neutral |
|
It is good to buy on dips around 1.1528-30 with SL around 1.14800 for a TP of 1.1660.
